source:wsj.com
NEW YORK (Dow Jones)--BP PLC's (BP) shares rose in the U.S. Friday despite another hit to its credit rating, as investors saw the actions of the past week as removing some uncertainty and perhaps marking a bottom for the stock.
BP's American depositary shares were up 0.3% at $31.81 in recent trading. Meanwhile, the cost to insure its debt fell slightly from Thursday. Option activity in BP was quieter Friday than in recent days, with the volume in bearish and bullish positions nearly even. With Friday marking the expiration of June options, much of the trading likely reflects investors "rolling"
Subscribe To
Posts
Comments
